The project is the first step in the government’s plan to deliver thousands of build-to-rent homes across the state.
In partnership with Mirvac, Mitsubishi Estate Asia and the Clean Energy Finance Corporation, the Queensland government has launched the first of three build-to-rent (BTR) pilot projects in Newstead, an inner-city suburb just 1.5km from Brisbane’s CBD.
The BTR pilot program is part of the state government’s housing plan, which plans to deliver one million new homes by 2044.
First announced in 2018, the government’s BTR program aims to increase the supply of affordable rental housing by partnering with private developers to create new communities.
The government provides a rental subsidy, while private entities deliver affordable rental housing within these developments. The first of this initiative, called LIV Anura, is now complete.
LIV Anura is part of Mirvac's BTR portfolio, which includes four other developments across Melbourne and Sydney. Picture: realestate.com.au
LIV Anura offers 396 homes with a mix of studios, one- and two-bedroom apartments across two buildings.
Up to 99 of these homes are expected to be offered at a reduced rate for eligible renters working within 10km of the site.
The new community is located within Mirvac’s established Newstead precinct, which also includes Quay Waterfront Newstead and Isle Waterfront Newstead – currently under construction.
Queensland treasurer and minister for home ownership David Janetzki characterised BTR projects as an important piece of the state’s housing puzzle.
“The Crisafulli Government recognises the majority of residential housing is delivered by the private sector, and projects like this are a fantastic example of new ways we can partner to deliver high-quality new supply for Queensland," Mr Janetzki said.
“Every Queenslander deserves a roof over their head, and we're firmly focused on unlocking new land for housing, boosting home ownership and easing pressure for renters.”
LIV Anura sits under Mirvac’s BTR portfolio, which has three projects in Melbourne and one in Sydney. LIV Anura is the developer’s first BTR project in Queensland.
BTR communities are known for their convenience in having multiple amenities available to residents within the one development. LIV Anura has 3000sqm of indoor and outdoor shared resident spaces and more than 1000sqm of boutique retail at ground level.
Resident facilities include indoor and outdoor gyms, a pool, sauna and spa, co-working and meeting spaces, communal lounge areas, pet retreat, private dining and chef’s kitchen and a bush tucker garden.
The development offers 396 homes with 99 of these dedicated to affordable housing. Picture: realestate.com.au
Mirvac group CEO and managing director Campbell Hanan said the project addresses housing supply issues.
“LIV Anura is a strong example of how government and industry can partner to deliver more diverse and accessible housing options,” said Mirvac Group CEO & Managing Director, Campbell Hanan.
“Meeting the growing demand for different types of housing is essential to improving access for Queenslanders, and with the support of our community housing partner, National Affordable Housing, we’re helping more people find high-quality, secure rental homes.”
The remaining two BTR pilot projects are taking shape in Brisbane’s Quay Street and Fortitude Valley.
The announcement follows the NSW government announcing The Joinery Annandale, which is offering 577 apartments with 220 BTR homes for essential workers such as nurses, paramedics, teachers, police officers and firefighters.
Are you interested in learning about build-to-rent? Check out our New Homes section.
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